Erratum to: Germany—No Country for Old Workers?

Abstract

Nevertheless, turnover rates have already revealed that starting a new job for older workers is seldom. This can also be seen by looking at the transitions from unemployment to employment. In 2010 about 21 per cent of all transitions of older workers out of unemployment led into unsubsidized employment while this figure amounts to about 30 per cent for the group between 25 and 49 years. This picture also arises when calculating the transition rate from unemployment to unsubsidized employment. In the year 2010, 3.9 per cent of the stock of older unemployed moved into unsubsidized employment while the ratio is about 7.2 per cent for unemployed between 25 and 49 years. The older unemployed people get, the poorer is their chance to find a job. For the age group from 55 to 59 the transition rate is 3.3%, for the 60 plus only 2.1%. The difficulties of bringing older unemployed back to work result in higher long-term unemployment. Compared to all unemployed the ratio of longterm unemployment among workers aged 50 plus is about 41 per cent in 2010 which is much higher than the share of